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20131202
20131210
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Search Results 0 to 46 of about 47 (some duplicates have been removed)
CNBC
Dec 2, 2013 4:00am EST
as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo approvals were stalling, ma
FOX Business
Dec 7, 2013 11:00pm EST
the economy to impve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. dennis: you say the stocks go down with good news becae we are scared of they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage otheramericans in the workforce. i was happy with this report but we should not be celebratory i rememr in the '80s and '90s we had five budgets thousand jobs in one month but it there is no such styles as to get the jobs created. i would be a hap camper. i think this is
FOX Business
Dec 6, 2013 7:00pm EST
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
CNBC
Dec 6, 2013 6:00am EST
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
CNBC
Dec 4, 2013 6:00am EST
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
FOX Business
Dec 2, 2013 8:00pm EST
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
FOX Business
Dec 7, 2013 6:00pm EST
is the story? >> the idea is that it grows when the conomy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth for who is really poo and who is not poor. but you could go beyond food stamps, now you are close to one out of three americs getting assistance.
CNN
Dec 4, 2013 3:30pm PST
louisiana, and whose in policies ignore everything we've learned. is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >> i've said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. >>> congressman, i'm sure you have a lot to respond to. >> yes, i do. very specific question. u ubs. >> do you great deal that inequality is a problem? >> yes, it's getting worse. you would think they weren't in power. the fact is the democrats have the house and senate. they did a $787 billion stimulus plan, the cash for clunkers, all these things that didn't grow the economy. they exacerbat
FOX Business
Dec 2, 2013 7:00pm EST
to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i t 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me th unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital o. chse 2% cash back or double miles on every purchas every d. what's in your wallet? i need your timesheets, larry! lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the
CNBC
Dec 9, 2013 3:00pm EST
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
CNN
Dec 5, 2013 6:00am PST
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
FOX Business
Dec 4, 2013 7:00pm EST
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
FOX Business
Dec 4, 2013 8:00pm EST
on the list, very small gdp, small economy, to run. you get into a bigger economy situation, you didn't see china on the list either. you get into the big -- >> you think it is apples and oranges. >> i think it could be 92 your "forbes" subscription isd. >> in middle class, in states where i am from, they have trouble with small businesses now because of the tax codes. we're printing money. >> how many are they really paying, what are they paying. neil: 29%. >> more than everyone else that is not good. >> how many of largest companies pay zero. neil: also those pay full price, oil companies pay full price, you can average it out, but there is something big going on, psychologically this is a stain that building up over the years, high profile cases got it rolling but i tell you there is something going on. >> i agree. that is why i blame obama administration. i am not trying -- >> i blame rick. >> i blame you. >> we have a since of entitlement. >> where are we going with wonder woman? >> to dc . neil: asking twitter to help pick its 2013 person of the year, we went to twitter to vote cavuto
CNBC
Dec 5, 2013 6:00am EST
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
FOX Business
Dec 8, 2013 11:00pm EST
is the appropriate agency of resolution for so many of these problems and our society and our economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on the website for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the american people, the people who have been promiseduch by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now. there will be an additional 500 can we put that up, $50 billion collected, 2010 through '12. then, of course, this year and next -- through the ne ten years, we'll
FOX Business
Dec 3, 2013 8:00pm EST
forget that one of the backbones of our economy for years was your little community banker. hundred million a hundred million dollar or less pinkerton knew you by name. >> you are absolutely right. neil: my first one i ever got was from a small community bank who apparently took pity on me. they wouldn't even give me a second look. so i'm wondering what the reverberations are businesses, regular individuals who need money, have future good standing to get money. >> yes, i think that is a big part of it. 70% of jobs are created by small businesses. small businessman or woman is able to shake the man's hand and be able to get alone like you did and he was able to create more business and hire more people and increase the economic activity. nowadays, business owners look at that as an algorithm. if you fit a profile, you get a loan and if you do not, you don't get along. if you look at the fdic regulations, what dodd-frank has done, pounds and pounds of regulations, and you look at all that you say that if i am an investor, what i want to invest in a little bag? and i don't think it's
FOX Business
Dec 4, 2013 4:00pm EST
to squeeze out any kind of gain. liz: let's get to that and the details of it, the fed saying the economy is growing calling a modest to moderate pace. saying there are particular signs of economic activity in the auto and tech industry specifically. david: company hiring rose the fastest pace in a year. showing a gain of 215,000 jobs last month. the data coming out a couple of months before friday's job report from the labor department. liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i
FOX Business
Dec 9, 2013 9:20am EST
at headquarters buying goods thinking it's moving out the door, but the economy is-- consumers are telling something different. stuart: you're famous for going into the stores with your video camera and pointing out messy stores, stains on the floor, in this case lots of product lying around unsold, but you know, wal-mart's always like that. a lot of discount stores, big box retailers, they are kind of messy, target's not, i got that, but a lot of the rest are, and are you reading too much into this. >> they came out on black friday and set unrealistic expectations, 29 cent towels and a remarkable quarter. i say no way jose, and they're going to have to mark it down. they have he an issued two warnings and-- >> they won't issue the warnings report until next february. >> correct. stuart: if they do that, the stock will go down? >> i think it will continue to underperform, and where it will get hit are those that supply the company. stuart: and working people and middle class people are getting a squeeze in this particular economy, do you think that's hitting wal-mart and their inventory? >
CNN
Dec 6, 2013 6:00am PST
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
CNBC
Dec 3, 2013 7:00pm EST
on one sixth of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed. causing people to lose the doctor of their choice, causing them to lose their health plan and if that want isn't enough having to pay much higher prices at the same time. >> reporter: also today, larry, inspector general that oversees the irs says the irs may have some proble some problems implementing the health care in refunds. the treasury said they are aware of the problems and been on top of them. they say they will have it under control and be able to prevent massive fraud inside the irs piece of the affordable care act roll out, larry. >> what's going to happen with this back end business called, what is it 836 i think it's called, section 836. 834. it connects the websites to
CNBC
Dec 5, 2013 11:00pm EST
fuego, with demand outstripping supply. and if the economy keeps improving, things will get even better for the hotel operators. hilton is, in fact, the world's largest hotel chain. it's under a number of brands, not just hilton. waldorf astoria, conrad, doubletree, embassy suites, hampton, homewood suites. now it's expected to price next thursday at $18 to $20 a share. i want to give you a head start to focus on this one. a little over a week, stock's trading under the symbol hlt. at the midpoint of that range, this would be a $19.3 billion company and the stock would be fairly expensive by most metrics. however, i still think it makes sense for you to try to get in on the hilton deal. let me tell you why. i think it's likely the stock will pop on the first day of trading, as has been the pattern for the vast majority of ipos this year. some of that is because hilton is private equity backed ipo by blackstone. blackstone took the chain private in 2007 and now they're spinning it off again as a private company. last month we saw another hotel play from blackstone come public. i'm talkin
FOX Business
Dec 5, 2013 7:00pm EST
economy works were every working american. higher wages would leave the steeper prices and fewer pitch and it is for jobs. >> you cannot just translate your need for more money into every business and say, i have three kids to be, so you need to pay more. that is not how compensation works in this country. >> they sayyit's up to the local franchise to determine wages. lou: and markets always. while the unions are pressing for higher wages and seeking to organize those workers in the union democrats on capitol hill today push for an extension of unemployment insurance benefits. minority leader nancy pelosi said that house democrats will not support legislation that does not extend emergency benefits. senate budget committee chairman and house budget committee chairman have been working on a plan the spending cap by 34 billion to just over a trillion. the two sides have a self-imposed deadline of friday the 13th to resolve the matter without a deal we could see a repeat of this year's government shut down. we will see. unemployment benefits have been extended five times in the last five
FOX Business
Dec 3, 2013 7:00pm EST
but obamacare is destroying the quality of health care. we already see that it is hurting our economy, job creation year in georgia as well as across the nation. in fact, i had one employee with over 200 full-time employees tell me that he was going to let them all go and hire part-time employees just because of obamacare. seeking to avoid having to pay for obamacare. k, not what the doctors ordered. paul brown, john flemming, andy harris, among other congressman joining in this effort. the sickening impact of obamacare. right now i think that the nation would fairly stipulate that obamacare does not work, and most people don't like it. poll after poll validates that view. what is going to be command we just heard congressman brown talk about billy introduced four years ago. >> people not able to keep their own doctors is the president promised. and being teeseven coming to the understanding that they may not be able to keep their doctor. wait until the true ramifications. doctor shortages, shortages in care. the problems. look. there are fewer students going into medical school today, sal
CNBC
Dec 2, 2013 9:00am EST
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
CNBC
Dec 3, 2013 11:00pm EST
if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the market as a marionette. my favorite credo is the opposite. the stocks represent companies and the companies march to many different drum e not just the fed drummer. some companies do better than higher interest rates and like the minerals and oils and most important, many companies do better because their managements are smart or incentive to create value. if you spend all of your time waiting for the fed to tell you
CNN
Dec 9, 2013 1:00pm PST
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
FOX Business
Dec 5, 2013 5:00pm EST
themselves, graduate from school to move on to another job. vibrant economy such as ours needs these kinds of jobs. melissa: right. >> labor unions know this. they know what kind of jobs these are. they also know that the franchisees, simply can't afford to pay $15. it will result in decreased employment and higher prices. you know i -- i'm sorry. melissa: i don't know why he would expect to support a family of six people on his first or second minimum wage job while he is a full-time student. that's not what those jobs are for. you don't expect those people to be trying to support a family. you expect them to be students who are learning a skill, also earning money at same time to be in school, so then they can have a family and be able to support those folks. i don't think the problem is the amount of money that being paid at mcdonald's. think there are other problems in that situation. >> absolutely. and, again, you know, this, emphasizes the fact of what kind of jobs these are. but, melissa, i was going to say, you know the fast-food franchise owners sympathy can't afford to pay $15. t
CNN
Dec 3, 2013 1:00pm PST
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FOX Business
Dec 3, 2013 3:00pm EST
an opportunity to buy a company that actually as the economy does better, today do better. housing usually picks up when the economy does better, so we thought it was kind of thrown out its valuation based on the timber. you've got beetle kill up in canada which has increased their opportunities to sell overseas, and we think over time raises the price of lumber. liz: okay, so it's down today, that might be a buy. you also like howard hughes corporation. this is, of course, a company that's very big into, for example, landownership. >> yeah. liz: huge in vegas, by the way, for people that don't know. it's had a beautiful runup. why buy now? >> it's a name, we think, underfollowed on wall street. underknown. when you say howard hughes, a lot of people think about satellites and tv. it's a real estate play though. they own pier 17 here in new york, that's slated for redevelopment. they also have las vegas property they mentioned and also hawaii. so it trades about two times book. the house, the housing companies trade at three times book. we think they can make up that difference. liz: pat, is the
CNN
Dec 7, 2013 11:00pm PST
changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> my name is anita moorjani, and i died on february 2, 2006. when i was really young, i felt my life was really pretty magical. we lived in a condominium in hong kong. i lived with my parents and my brother. i went to a british school where the kids spoke in english. and then of course, at home with my parents, we would speak in our native language, we call it sindhi but it is an indian dialect. >> walk me through what it was like walking around with so many cultures going around. >> i got bullied very, very badly at school. because i was pretty much the only indian child in my year. i wanted to be like them. i would want to color my hair to make it lighter. and i would use bleach on my skin and so i really wanted to fit in. a
CNN
Dec 8, 2013 3:00pm PST
this week? and the economy. well, there is plenty to look out for. zane asher is at the new york stock exchange. zane? >> deb, this upcoming week on wall street, we will introduce a brand new airline. well, kind of. american and u.s. air will merge into the biggest airline monday. ceos of the two companies will bring the nasdaq's opening bill. ticket will be aal. new name, american. as for the economy, there will be reports on jobless claims, and retail sales. numbers are critical because they are for november, the shart of the holiday shopping season. so far signes have been mixed. black friday weekend sales dropped for the first time since the recession but cyber monday sales rose to an all-time high. report next week from the government will be the definitive view. deb, that's what's coming up this week on wall street. >> zain asher, thank you. >>> finally, question number five. who will win the heisman trophy? florida's quarterback could be honored. jameis winston is the odds-on favorite. the winner will be announced next saturday. >>> and don't go anywhere. sports columnist terren
CNBC
Dec 4, 2013 9:00am EST
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
CNBC
Dec 3, 2013 9:00am EST
that economy is too strong. i know it sounds strange. the housing boom is the echos what we had in this country. >> he's just over there to get alibaba to feature some british companies because it's such a vital platform for sales. >> yes. but mark carney has that under control. >> you love carney. >> he's the greatest central -- he's the central casting central banker. what's, a new movie coming out about wall street, if they need a central banker, go for him. >> okay. >> been a tough start to december but cramer is going to get us back on track. his "mad dash" is next as we come up to the opening bell. look at futures, implied open down about 61. you're watching "squawk on the street." connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more tim
Bloomberg
Dec 9, 2013 3:00pm EST
in terms of the overall economy. based, have -- addressed the issue of a political system separate and a monetary system. have not gone anywhere. >> and where you still have separate notional regimes. for how to resolve national banks, and the obligations behind the backstop in of. there is still not a quarter dated. -- >> the central bank saying -- >> we do not have any implication he is willing to go to -- go the qa -- qe round. i think we have to see what the u.s. is looking like. look at the jobs report friday, not bad. ultimately of that -- the labor participation force went up here to we have got six straight months of manufacturing growth now. question if you look at the demographics of that employment, we have 27% of males and females between 25 load -- living with their parents. not good. we need to see that and we need to see the unemployment pickup the force -- before we see. -- >> it is a compare and contrast with europe. >> it sounds like he was support the call on supporting the euro against the dollar. your call would it be -- would be to sell to european banks. >> a
CNN
Dec 2, 2013 10:00am PST
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FOX Business
Dec 9, 2013 3:00pm EST
, but the bottom line is the economy's slowly but surely growing stronger. s&p is now set to join the nasdaq at new highs above november, we know that in the month of december going back over the last 60 years that a move to new highs in the s&p, the next 10, 20 and 30 days forward typically has been positive. so that's interesting. but, yeah, continue to be real signs of resilience, you know, despite the fact there areling oring concerns regarding momentum -- lingering concerns ahead of the holiday, but stocks respect paying attention. we continue to hit new highs, and the market right now has been resilient. cheryl: i want to go to garrett at the cme because, certainly, with the dow and s&p we did break a fife-day -- five-day losing streak, but we've seen a lot more volatility in the vixx. and you have to wonder as we go towards the end of the year if we're going to have a little more volatility as volume gets lower. do you take that seriously, gary? do you really watch the tape as we get closer to the end of the year? >> well, of course you do. when you look at the volatility levels we've had, n
Bloomberg
Dec 9, 2013 2:00pm EST
at the british pound, strengthening for its second day against the greenback. the country's economy has reportedly been stronger as they forecast a narrow trade deficit for the u.k.. more on the trade market in 30 minutes. ♪ >> this is "money moves," where we focus on innovative alternative investments. here are your bloomberg top headlines. we are following john paulson, making a comeback after a few years of wrongly invested, his investment fund is up 30% this year, according to people briefed on the returns. profitable positions on m&a are part of the strength. he is best known for making 15 billion dollars by betting against subprime in 2006 and 2007. the new american airlines has taken off, the merger between american and u.s. air officially closed today, creating the world's largest carrier. the new ceo says that flyer should not be worried about the changes. the employees, the airplanes, that is how this merger works. we need all of that. the networks are highly complementary. so, we put the networks together and we have everything we need. the supply is unchanged. if the suppl
CNN
Dec 8, 2013 12:00pm PST
gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with pushing her husband off a cliff in july. graham is charged with murder. jury selection begins tomorrow. wendy murphy is also a law professor in boston. graham says the couple got into an argument while off the park. he went over a cliff. so the defense says it as self defense. what should they decide >> and finally she said i pushed him with both hands from behind. that is an easy case. the tough part from the prosecution here is shoe she looked like. she looked like the girl next door. they are going to be hard pressed to say that a seemingly nice woman could be so evil. >> look, the so called confession did not exactly c
FOX Business
Dec 7, 2013 9:00pm EST
to buy stuff to help the whole economy. >> along as the of foresees their movies are watching tv or to buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said what would you replace it with? to make you talk vaguely about revolution what is it? >> the egalitarian system with the heavy taxation of corporations and massive responbility for the energy company to exploit the environment. >> they get a little tiny bit of knowledge did it become so watered down socialist dribble and he is the attention horror like the paris hilt of film. john: he once aocialist egalitarian system. >> appeals to people when they are very young and idealistic and passionate and insane which is you are supposed to be but then we grow up and pay taxes. he is not relevant in entertainment so he has to say these things to get injured -- attention. john: what about george cas? he has made billi
FOX Business
Dec 9, 2013 7:00pm EST
being protective of north korea. they now have this huge economy that we have helped to fuel and grow and they have been growing their military with nuclear forces and conventional forces and so i was a little disturbed when the u.s. asked our airlines to register that is going through that. i don't think that we should have done. this was but this was different than the ones that we have in the continental u.s. and it is in international waters in international airspace and ours or not. lou: general, it's always good to be here. thank you for talking with us. going onto the weekend box office or winter storms are affecting a large part of the country, it didn't stop folks from going to the movies. bringing in more than $31 million, the "the hunger games" drop in second place, earning 27 million. and a box office bomb for relativity and christian bale, his newest movie earning over 5 million, good enough for a distant third. coming up next, sticker shock setting in for those who have been able to enroll in obamacare and there aren't many. we will be taking it up with "the new york tim
CNN
Dec 3, 2013 6:00pm PST
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ applause ] >> right now my studio audience has been here the whole hour for "obesity in america, america's fat obsession." we are using ruth's famous flywheel. this is a bike, right? >> it's a bike. >> then what happens? >> i want you to look at that little screen and take your torque to 25. >> 25 on the torque. >> yes. so you take the blue dial and turn it to the right. until it gets to 25. >> okay. and that's the -- >> that's our word for resistance. so you're at 25, right? >> yeah. >> all right. so now i want you to take your rpm number to 70. >> okay. >> let's see how that goes. >> easy. easy. 73. >> all right, piers, so i want you to stay at 70. but i want you to now take your torque up to 28. >> okay. 28. >> stay at 70. >> okay. >> how's that going? >> oh, it's, you know, getting a little testy. >> should we try 30? >> why not? >> okay. >> so that's 30. and i'm now at 70. so is that a good balance? >> that's very good. >> how many seconds do i have to keep doing
CNBC
Dec 2, 2013 6:00pm EST
consolidation, four player downs there control 96% of the market that means competition. the mexican economy is coming on strong. while cheap educated labor and nafta are bringing in a host of german and japanese manufacturers. and they fly to many of the towns where the new plants are being built. management assures me there are going to be many more smaller airports covered soon. they are so cheap they can compete with the bus lines, which is the way most people get around in mexico. this stock is a buy. last but not least, let me draw your attention to a new one. navigator holdings. nvgs. you often see wilbur ross on squawk. this transports liquefied petroleum gases like propane and butane, along with petrochemical gases like ethylene and propylene. navigator just came public two weeks ago. since then the stock has rallied another 5%. production in these quitified petroleum gases is rising rapidly in the united states, as you know, because we talk about it all the time and there is a big demand in east asia and europe. right now 23 handy-sized ships, with another eight ships on order ther
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